It is a community bank of 10 individuals that belongs to the locality of "la Guardia," Bolivia. The majority of the clients sell clothes, cosmetics and fruit for a living. Carmen C. is the leader of the bank, she has been living in the locality of "la Guardia Barrio 3 D. Mayo" for the past 2 years, she lives in a rented house. She has three children and her husband works at the Mayor's Office of "la Guardia; she is a street vendor selling clothes. She started her business 2 years ago and she wishes to continue working with enthusiasm in order to save enough money to buy a stand. Juana S. is the secretary of the community bank, she sells cosmetics as well as pastries as a street vendor, she lives in her own house, has four children, is a very talented lady and business meetings are held at her place and she dreams of having her own premises. Lidia C. is the treasurer of the community bank, she lives in the locality of "la Guardia, Km. 6". She sells cosmetics from a rented house. She is a single mother of two children, and the loan is very important to her as it makes it possible for her to make business and proviD. for her family.
Es un banco comunal compuesto D. 10 personas, el cual pertenece a la Localidad D. la Guardia, Bolivia, la mayoría D. los clientes se dedican al comercio D. ropa, cosméticos y frutas.
Carmen C..- es la líder del banco ella vive en la localidad D. la Guardia Barrio 3 D. Mayo hace 2 años, vive en casa alquilada. Cuenta con tres hijos y su esposo el mismo que trabaja en la Alcaldía D. la Guardia, ella se dedica a la venta D. ropa ambulando, hace 2 años atrás que empezó con el negocio ahora quiere seguir trabajando con emprender para seguir ahorrando y D. esa manera llagar a reunir dinero para comprarse un puesto fijo.
Juana S..- es la secretaria del banco comunal, ella se dedica a la venta D. cosmético y también a la venta D. masitas, es ambulante y vive en casa propia tiene cuatro hijos es una mujer talentosa y en la casa D. ella se hacen las reuniones ella sueña con tener un local propio.
Lidia C..- La Sra. es la Tesorera del banco comunal, vive en la localidad D. la Guardia, Km. 6. En casa alquilada, se dedica a la venta D. cosméticos.
Es madre soltera tiene 2 hijos, dice que el crédito es muy importante ya que D. esa manera ella realiza su negocio y es la manera con la que logra mantener a su familia.
Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.